Small Business Encyclopedia
Letter: T
Target Market
A specific group of consumers at which a company aims its products and services
Tax Deductions (aka Standard Business Tax Ded
The costs of doing business that are tax-deductible to the full extent of the law
Taxes
Sums imposed by a government authority upon persons or property to pay for government services
Taxpayer ID Number
A 9-digit number obtained from the IRS by a business with paid employees. If you're a sole proprietorship, your taxpayer ID number is your social security number.
Telecommuting
The practice of working from home for a business and communicating through the use of a personal computer equipped with modem and communications software
Telemarketing
Use of the telephone to market goods or services directly to prospective customers
Television Advertising
Ten- to 60-second commercials on network TV stations
Temporary Workers
Employees who are not permanently hired but hired just for limited periods of time
Term Loan
A loan for equipment, real estate and working capital that's paid off like a mortgage for between one year and ten years
Terminating an Employee
A document that outlines the procedures involved when employees are fired, with or without cause
Trade Association
An organization that represents the interests of the member firms of an industry
Trade Credit
An arrangement to buy goods or services on account, that is, without making immediate cash payment
Trade Secrets
Information used by a business, which can be legally protected that is secret to the general public and is critical to the livelihood and success of a business
Trade Shows
An exhibition for companies in a specific industry to showcase and demonstrate their new products and services. Generally trade shows are not open to the public and can only be attended by company representatives and members of the press. Also, an exhibition of businesses offering franchises and/or business opportunity packages for sale.
Trademark
Any symbol, word or combination thereof used to represent or identify a product. A service mark means the same thing, but identifies a service.
Training Programs
Programs designed for training employees in specific skills
Popular Articles
Canva Is Going Viral For a Questionable Musical Performance at a Company Conference: 'Peak Cringe'
Canva Create took place in Los Angeles on May 23.
'Creators Left So Much Money on the Table': Kickstarter's CEO Reveals the Story Behind the Company's Biggest Changes in 15 Years
In an interview with Entrepreneur, Kickstarter CEO Everette Taylor explains the decision-making behind the changes, how he approaches leading Kickstarter, and his advice for future CEOs.
Is Consumer Services a Good Career Path for 2024? Here's the Verdict
Consumer services is a broad field with a variety of benefits and drawbacks. Here's what you should consider before choosing it as a career path.
87 Service Business Ideas to Start Today
Get started in this growing industry, with options that range from IT consulting to childcare.
How to Become an AI-Centric Business (and Why It's Crucial for Long-Term Success)
Learn the essential steps to integrate AI at the core of your operations and stay competitive in an ever-evolving landscape.
Melinda French Gates Reveals Her Next Move After Leaving Gates Foundation: 'Set Your Own Agenda or Someone Else Will Set It For You'
French Gates announced that she is donating $1 billion over the next two years.